Reply To: 1099-R on Roth IRA annuity payment – Chapter 2.

Home Fairmark Forum Retirement Savings and Benefits 1099-R on Roth IRA annuity payment – Chapter 2. Reply To: 1099-R on Roth IRA annuity payment – Chapter 2.

#25496
wanttoknow
Participant

Alan,

The faulty 1099-R DOES have the same account number as the ones coded “Q”. It also does not have the IRA box checked.

Re whether the “earnings” are taxable: I guess this has something to do with some area of the tax law with which I’m totally unfamiliar. I thought the “earnings” part of the remediation payment was to make up for what I would have earned on the underpaid amount had it been paid on time, and that WOULD have been taxable (unless invested in tax-exempt bonds).